CAMBRIDGE, Mass., Feb. 20, 2018 /PRNewswire/ -- Newly released data that analyzed more than 7.3 trillion bot requests per month found a sharp increase in the threat of credential abuse, with more than 40 percent of login attempts being malicious, according to the Fourth Quarter, 2017 State of the Internet / Security Report released by Akamai Technologies, Inc. (AKAM). According to the Ponemon Institute, credential stuffing attacks can cost businesses as much as $2.7 million on an annual basis. In addition, Akamai's data further indicates that DDoS attacks remain a consistent threat and the Mirai botnet is still capable of strong bursts of activity.

The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last one-month, outflows of investor capital in ETFs holding AKAM totaled $1.48 billion.

The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Technology sector is rising.

Shares of Internet bandwidth and applications provider Akamai Technologies (AKAM) are up $1.77, or almost 3%, at $65.44, despite the market’s wobbly session, following a report of better-than-expected Q4 results yesterday afternoon, and an upbeat outlook. There are no ratings changes today, that I can see, but several price target increases, going up into the $80 range. In a phone call a short while ago, CEO Tom Leighton described to me the ways the company continues to diversify away from its traditional business as a “CDN,” when it was mostly known for helping Netflix (NFLX) and others push bandwidth-heavy video to viewers.

NEW YORK, Feb. 07, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of RealNetworks, ...

Cambridge-based Akamai Technologies Inc. has laid off about 400 people, roughly 5 percent of its global workforce, in the past few months as experiments meant to reignite growth in one of its core divisions have failed. The layoffs have mostly hit employees in Akamai's Media Division, CEO Tom Leighton said on Tuesday during the company's fourth quarter earnings call. It's the core technology that turned Akamai (AKAM) into one of the top tech companies in Massachusetts, but some of the division's largest customers — including Apple, Facebook, Netflix and Microsoft — have begun to build their own in-house content delivery networks over the past few years, reducing their reliance on Akamai.

Activist investor Elliott Management, which has disclosed a 6.5 percent stake, would push Akamai to curtail what the hedge fund sees as wasteful spending, among other measures, sources told Reuters in December. "As part of our effort to improve operational efficiency, we reduced headcounts in targeted areas of business, most notably in areas tied to our media business," Chief Executive Tom Leighton said on a post-earnings call with analysts. Akamai's media business, which helps in faster delivery of content through the web, has been under pressure from large customers, such as Apple Inc (AAPL.O) and Amazon.com (AMZN.O), developing in-house capabilities to handle their web traffic.

Activist investor Elliott Management, which has disclosed a 6.5 percent stake, would push Akamai to curtail what the hedge fund sees as wasteful spending, among other measures, sources told Reuters in December. "As part of our effort to improve operational efficiency, we reduced headcounts in targeted areas of business, most notably in areas tied to our media business," Chief Executive Tom Leighton said on a post-earnings call with analysts. Akamai's media business, which helps in faster delivery of content through the web, has been under pressure from large customers, such as Apple Inc and Amazon.com, developing in-house capabilities to handle their web traffic.

On a per-share basis, the Cambridge, Massachusetts-based company said it had profit of 11 cents. Earnings, adjusted for restructuring costs and stock option expense, were 69 cents per share. The results ...

[Updates with forecast at bottom of post.] Shares of Internet bandwidth provider Akamai (AKAM) are up $3.33, or 5%, at $67, and briefly rose 6%, in late trading, after the company this afternoon reported Q4 revenue and profit that topped analysts' expectations Revenue in the three months ended in December rose 8%, year over year, to $663 million, yielding EPS of 69 cents. CEO Dr. Tom Leighton said the company was "very pleased" with the results, citing an increase in revenue of 17% in the company's "Web division." He noted revenue from security technology rose by 32%, and that "media traffic on Akamai's platform grew faster than published growth rates for Internet traffic as a whole." Leighton predicted "solid top-line growth as well as margin expansion" this year.

Company exceeds fourth quarter guidance on top and bottom lines Fourth quarter revenue of $663 million , GAAP EPS of $0.11 and non-GAAP EPS of $0.69 Company records $52 million restructuring charge to ...

NEW YORK, NY / ACCESSWIRE / February 6, 2018 / Akamai Technologies, Inc. (NASDAQ: AKAM ) will be discussing their earnings results in their Q4 Earnings Call to be held on February 6, 2018 at 4:30 PM Eastern ...